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JP Morgan And It's Deep Ties To Jeffrey Epstein (5/10/26) · The Vault: The Epstein Files

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  Speaker 1: And welcome back to the Epstein Chronicles. On this morning's edition,
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  we're going to talk about JP Morgan and how they
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  kept Jeffrey Epstein as a client even when they knew
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  what he was and what he was up to. Not
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  only did they keep him as a client, but they
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  went to bat for him. One of the highest ranking
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  people in the whole entire company basically fought for Jeffrey
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  Epstein to stay a client. Now ask yourself, why would
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  the bank want Jeffrey Epstein to stick around? Well, simple,
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  it's all about the Benjamins, isn't it. These people do
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  not care about you. They do not care about human
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  trafficking victims. They don't care about people being bombed in Yemen. Hell,
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  they don't even care about people being bombed in Ukraine.
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  It's just the shiny new object and they feel like
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  they can score some points. But when it all comes
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  down to it, and when all is said and none,
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  the financial sector is making a huge profit from the suffering.
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  They know it, I know it, and you know it.
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  Yet they'll get up there and they'll lack like they're,
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  you know, doing great things and great deeds for humanity.
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  Meanwhile they're helping facilitate the crimes of people like Epstein,
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  oligarchs and scumbags all around the world. So this morning,
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  we're going to take another look at the scum baggery
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  of JP Morgan and how they help Jeffrey Epstein continue
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  to be the piece of garbage that he was. This
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  article is from August tenth of twenty nineteen. The author
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  is Michelle Solarier. Solarier sorry if I mispronounced that. Michelle
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  headline did JP Morgan go easy on alleged sex trafficker
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  Jeffrey Epstein? Alleged sex trafficker? Huh? How about human trafficker
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  pedophile world's life largest piece of shit? Yeah, all of
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  that fits everyone on Wall Street who knew disgraced financier
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  pedophile Jeffrey Epstein is busy distancing themselves from the convicted
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  pedophile who died of an apparent suicide Saturday in a
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  federal jail cell in New York City where he was
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  awaiting trial on sex trafficking charges. The lurid case involving
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  underage girls has name checked politicians, prints, and the number
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  of billionaires, most of whom likely wish they'd never met
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  the man. See again, that's where I disagree. They don't
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  care that they met him. They only care that they've
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  been called out on it. They only care that they
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  were caught right. They don't regret all of the benefits
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  they got Palin around with Epstein. They don't regret all
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  of the extra zeros that ended up in their bank
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  account because of his grifting and his thievery. They're only
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  upset because they've been exposed. Then there's JP Morgan Chase,
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  which is pushing back against a New York Times report
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  on Thursday that the bank refused to break ties with
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  Epstein decades ago, excuse me, a decade ago, even though
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  it's compliance toaff recommended doing so. The bank finally quit
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  doing business with Epstein, who was a private banking client
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  of JP Morgan, in twenty thirteen. And now remember during
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  this time this was Jess Staley's reign at JP Morgan.
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  Jess Staley was the one that facilitated all of this,
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  and in fact, he was Epstein's top dog at the
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  company is number one contact. JP Morgan is connected to
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  Epstein through two former high level executives and, according to
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  the Times, one current one. In two thousand and eight,
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  Epstein was charged with sexual offenses with miners and pled
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  guilty to soliciting prostitution in a Florida court. The next year,
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  JP Morgan's compliance officers recommended that the bank cut its
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  ties to the financier Pedophile because his accounts posed unacceptable
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  legal and reputational risks. The Times reported, boy, they should
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  have listened to the regulation department. Shouldn't have they They
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  probably should have listened to what the department had to
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  say and listen to what the compliance people were telling
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  them so that they didn't find themselves in this mess.
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  But guess what they knew and they didn't care. They
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  didn't care. A multi year review the bank conducted at
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  the behest of the Comptroller of the Currency in the
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  post madeoff era had flagged Epstein's accounts as potentially problematic.
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  Talk about understatement of the century potentially problematic. The stunning
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  revelation in this story was that Mary Erdos, who was
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  the head of JP Morgan's asset management division and widely
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  considered a potential successor to CEO Jamie Diamond, stepped in
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  to keep Epstein as a client. According to six people
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  The Times spoke with, Now ask yourselves, why would somebody
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  who is so highly placed in the financial sector, considered
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  to be the successor of Jamie Diamond himself, why would
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  she step in to keep Jeffrey Epstein as a client. Now,
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  there's no doubt Epstein was rich. Epstein had do but
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  he's not that rich. Wasn't one of the richest men
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  in the world. Certainly not somebody that you jumped through
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  the hoops for. Joseph EVANGELISTI, a JP Morgan spokesman, said
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  that Times has it wrong. Mary would never overrule our
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  compliance team or other controls functions to retain a customer.
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  He told The Times. She has only one recollection of
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  formerly meeting with the customer, which was the day she
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  fired him as a client. Oh yeah, I'm sure that's
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  the only time they ever met. They never rubbed shoulders,
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  never rubbed elbows, they never broke bread. She never even
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  knew who Jeffrey Epstein was. She's so ensconced in her
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  her world of finances that she doesn't even watch the news.
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  These people are so predictable, every single one of them,
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  with their cases of amnesia. Huh So, how did he
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  stay a client for so long? Did the people down
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  in compliance just say, oh to hell? With it. We're
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  going to keep him around, No big deal. They don't
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  have the power to do that. It's just like with
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  the Acosta stuff. How are you going to blame the
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  mid level manager? Sure, fire that person, but they don't
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  shoulder the blame. The blame goes up top. And the
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  only people that don't think like that are people who
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  have never worked in the corporate world. That shit goes
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  straight up to the top. And if your division is
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  not performing, what do you think the front line employees
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  are going to be the ones that bear the brunt.
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  Hell no, it's going to be you. If my sportsbook
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  wasn't performing, do you really think that they're going to
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  in and they're gonna get rid of all my supervisers
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  and fire the ticket writers and leave me there. Of
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  course not, so the whole nonsense about how, oh well,
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  she would never do that, and it must have been
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  someone Come on, man, really, yeah, sure, I'm positive some
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  mid level compliance manager made the call. Epstein had been
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  kept on as a client, according to the Times report,
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  because he helped recruit wealthy people to JP Morgan's private
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  banking division. Of course, that's the reason. It's all about
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  the money coming in, right, there's no way that these
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  guys are going to take a risk on Epstein if
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  they're not getting big money, if their ROI is not huge,
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  and Epstein's bringing the rest of his scumbag money laundering
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  friends in, so it's a win win. They protect Epstein
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  and his transactions, and in return, he's increasing their handle,
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  He's increasing the money that the bank's sitting on. The
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  report said that an internal debate at the bank over
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  the issue was so heated that one compliance officer quit.
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  The matter finally came to a head in twenty thirteen,
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  according to the Times, when the Comptroller of the Currency
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  publicly ordered the bank to improve its processes for detecting
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  money laundering and rigorously scrutinizing customers. Funny that they talk
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  about money laundering and then Jeffrey Epstein's involved, Huh, all
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  of us. It's just a coincidence. Though. Do you not
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  find it odd that there were no charges of money
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  laundering late against Epstein or Maxwell? What about wire fraud?
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  That's one of their favorites. They love those they love
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  that predicate. See all the things that Maxwell and Epstein
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  were up to, all the stuff that they were doing
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  through these banks, would land, all of us, the rest
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  of us, you know, the worthless people in the world.
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  A huge, gigantic federal investigation just on these financial crimes alone,
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  never mind you add in human trafficking and the rest
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  of the disgustingness that this guy was up to. The
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  financial crimes alone here should be enough to initiate a
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  huge investigation with a wide net that captures all of
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  these people in it. Epstein was kicked out of JP
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  Morgan that year. Around the same time, two of his
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  most important connections to JP Morgan also left. It's just
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  a coincidence. Guy's okay, just a coincidence. Jess Staley, who
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  by then was the CEO of JP Morgan's investment bank,
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  and Glenn Dubin, the head of hedge fund high Bridge Capital,
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  which JP Morgan owns. You see all the ties and
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  how they bind here. Glenn Dubin accused of sexually assaulting
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  Virginia Roberts, Jess Staley accused of enabling Jeffrey Epstein and
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  helping him with his financial maneuvering. And they just all
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  happened to work at JP Morgan. All a coincidence. The
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  financial sector is everything is fine here, nothing's on fire
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  as smoke pours out of the windows. I am usually
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  the last person to call for regulation. I find it
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  over burdensome most of the time, and in fact, I
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  find it to be difficult to navigate around as a
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  business owner or a manager of a business for the
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  most part. But when we're talking about something like the
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  financial sector, where these pieces of shit have proved to
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  us that they can't be trusted, then yeah it needs
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  to be highly regulated. It won't be because these are
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  the guys that are writing the checks. Folks, what you
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  think that the politicians are making the decisions? How do
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  you think they got elected? Furthermore, go and take a
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  look at your boy Biden's staff. Go take a look
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  at the cabinet. Go take a look at all of
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  the people that were coming in on the transition team,
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  and see how many of them worked in finance. Meet
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  the new boss same as the old boss. Between two
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  thousand and one and two thousand and nine, Staley Epstein's
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  most powerful connection at JP Morgan had been running JP
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  Morgan's asset management division. The job erdos landed when Staley
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  was promoted to run the investment bank. Staley is now
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  the CEO of Barclay's Bank not any longer. He's not.
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  But you see how it all works here, right. They
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  want you to believe that this is all just a
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  big misunderstanding and Epstein just happened to slip through the net.
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  But the reality is all of these big wigs were
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  hanging out with Epstein, they were all breaking bread, They
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  all had the same friend circle. Staley's signature achievement at
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  JP Morgan was the two thousand and four majority stake
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  the bank took in Highbridge Capital, which it now owns
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  outright today, Highbridge is a twenty five billion dollar juggernaut
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  and the pillar of the bank's asset management division. That's
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  what it was all about, okay, And do Uban was
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  a big part of that as well. He was the
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  guy who co found Highbridge. Epstein, it turns out, was
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  partially responsible for making that deal happen in nineteen ninety eight.
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  According to an individual familiar with the matter, he had
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  introduced Daley to Dubin, the co founder of Highbridge. Now
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  I have heard the same exact thing from the people
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  I know in the financial sector who have told me
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  about the history of this relationship, And there's no doubt
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  that The key cog here was that Epstein was able
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  to a bring in business. But really it was the
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  Highbridge deal that sealed everything, that made Epstein like a
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  commodity almost for them that they couldn't do away with.
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  When JP Morgan took its undisclosed stake in Highbridge, the
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  Hedge Fund gave Epstein fifteen million dollars for brokering the deal,
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  though people inside Highbridge questioned what he did to earn
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  that fee. According to a person familiar with the transaction,
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  that was how it worked. Epstein would negotiate these deals right,
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  underhanded deals in the back room with people like Jess Staley,
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  and then his buddies would benefit greatly and himself obviously. Right.
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  So Epstein gets a fifteen million dollar fee for an introduction,
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  and again I wonder how much of that fifteen million
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  dollars this motherfucker paid taxes on or any of these
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  people really. Highbridge declined to comment on the fees, saying
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  that the deal's terms are private. The Wall Street Journal
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  earlier reported the fee, and again I heard the same thing.
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  Dubin had become close with Epstein through his wife Eva
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  Anderson Dubin, a former Miss Sweden, and model turned doctor philanthropist,
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  who had been Epstein's girlfriend in the nineteen eighties. Epstein
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  was also an investor in Highbridge until Dubin left in
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  twenty thirteen. The Dubins apparently had a relationship with Epstein
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  well beyond finance, even reportedly spending Thanksgain with him after
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  he was released from prison. Now you see why I
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  keep hammering on this financial portion of all of this.
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  I want you folks to understand that this is the
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  key here. If you really want to take these people
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  down and you want to nail them, you go after
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  the money. That's how you get them. How did they
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  get al capone taxes? Right? The financial crimes. It's the
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  right way to go if you want to take people
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  like this down. And when you don't see a robust
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  investigation into the finances and into the nexus of those finances,
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  you know that you're being dogwalked by the authorities. On Friday,
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  Dubin's name surfaced once again in the Epstein case when
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  documents in the defamation suit by Virginia Roberts, one of
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  Epstein's survivors, against Gallan Maxwell, the British human trafficker accused
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  of soliciting the underage girls for Epstein's sexual pleasure were unsealed.
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  Among the trove of documents was a twenty and sixteen
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  deposition of robbers. In it, she claimed that Dubin was
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  the first person besides Epstein she was forced to have
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  sex with in two thousand and one. Not me saying it,
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  that's Virginia saying it directly in court documents. So is
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  Glenn Dubin ever gonna have to answer for that shit?
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  Probably not, but he should have to. The Dubins broke
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  off with Epstein after his recent arrest, publicly denouncing him. Yeah, okay, sure.
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  Glenn and Eva Dubin are outraged by the allegations against
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  them in the unsealed court records and categorically reject them.
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  A spokeswoman for the couple told Institutional Investor on Saturday, well,
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  we all know the story of the Dubins at this point, right,
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  But this morning's update was more of a hammer at
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  home type of deal. I want you all to understand
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  how important the financial aspect is, and not just in
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  this case, any crime, really, any kind of huge, gigantic
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  criminal enterprise. If you don't chase the money, then you're
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  not really pursuing the case, and when we talk about
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  what's going on here, sure they were pursuing Golen Maxwell,
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  but are they really pursuing the overall case anymore? And
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  until I see some kind of movement that indicates that
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  there's a robust investigation here, forensic accountants have been deployed,
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  then I have to think that they're just obfuscating and
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  stalling for more time, hopefully hoping that people will forget
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  about it. But the reality is this, everybody that was
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  involved here needs to be held accountable. And if you
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  want to really start holding people accountable, well you all
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  know the deal, follow the money, all right, folks, that's
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  gonna do it. Obviously, more is certainly on the way
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  today and then tonight obviously be back with the evening update.
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  If you'd like to contact me, you can do that
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  at Bobby Capuci at ProtonMail dot com. That's bo B
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  B y c A p U C c I at
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  ProtonMail dot com. You can also find me on Twitter
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  at b O B B y underscore c A p
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  U C c I. The link that we discussed can
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  be found in the description box. All Right,